💼 Business 1d ago · Jasper Jolly

EV prices in UK and EU not likely to dive due to Chinese rivalry, says Xpeng boss

The Guardian Business
Global financial news with a focus on economics
View Channel →
EV prices in UK and EU not likely to dive due to Chinese rivalry, says Xpeng boss
Source ↗ 👁 0 💬 0
Brian Gu says he sees Chinese car firms competing on quality rather than launching price war as at homeMotorists in the UK and EU should not expect a sharp drop in the cost of electric vehicles despite increased competition among Chinese manufacturers, one of the country’s biggest electric carmakers has said.Brian Gu, the vice-chair of the manufacturer Xpeng, said that Chinese carmakers could compete on quality to win customers in the EU and UK, rather than unleashing a brutal price war as they

Comments (0)

Sign in to join the discussion

More Like This

I'm a nutritionist who loves to shop at Costco — but there are 11 things I never buy there
All Content from Business Insider · 11h ago
Quantum tech firm EigenQ to go public in $3 billion SPAC deal
All News · 11h ago
Hitachi Energy to acquire transformer insulation maker Canduct
All News · 11h ago
Somaliland receiving Israeli military training but not in talks for base, minister says
All News · 11h ago
Form 4 Orange County Bancorp Inc For: 17 June
All News · 11h ago
Bitcoin little-changed at $65k with Fed meeting in focus; Uniswap surges
All News · 11h ago